The banksters have no end of inflationist schemes. In this one, a central bank sends some of its fiat money to the IMF and gets a note in return, denominated in the IMF’s fiat money (the SDR). The IMF is building a big war chest of various fiat currencies in this way. The IMF then plans to lend this to central banks of its choice who then presumably can use them to inflate their fiat currencies. The scheme is another proto-central bank for central banks or world reserve or fiat money scheme. It is only a question of how high one can build a house of cards before the last card is placed and it tumbles down, or a slight breeze causes it to fall even before the last card is placed. It is global bubble-building on a grand scale.

The Best of Michael S. Rozeff